Sovereign Financial Group Inc. Takes $461,000 Position in Oklo Inc. (NYSE:OKLO)

Sovereign Financial Group Inc. bought a new stake in shares of Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,719 shares of the company’s stock, valued at approximately $461,000.

Several other large investors have also recently modified their holdings of the stock. DRW Securities LLC bought a new position in Oklo in the 3rd quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Oklo in the 3rd quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the 3rd quarter valued at $104,000. Portland Investment Counsel Inc. bought a new position in Oklo in the 3rd quarter valued at $6,493,000. Finally, Atom Investors LP bought a new position in Oklo in the 3rd quarter valued at $657,000. Institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

OKLO opened at $24.20 on Thursday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $31.91. The business’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $14.33.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup upped their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wedbush began coverage on Oklo in a research report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price objective on the stock. Finally, B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock.

Insider Transactions at Oklo

In related news, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Oklo Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.